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Strategies & Market Trends : ahhaha's ahs

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To: Elsewhere who wrote (1418)3/8/2001 2:44:29 PM
From: ahhahaRead Replies (1) of 24758
 
NYSE and DOW are near all time highs, so it's only the mad speculating public that his been burned, so far. You won't get any righteous indignation until the dinosaurs hit the KT Boundary.

I'd say that just about everyone knew it was absurd, but what could you do, stand on the sidelines for 5 years because the stock market was wrong yet again? If you did that, by the time you returned, you wouldn't know how to play, and you would be all out of shape. The upside persisted for so long that no one had a choice but to participate somehow, if they intended to be involved in the future with stocks. Was it so difficult to sell on the way up?

The so-called bull market was impossibly difficult to manage. You had to be in a mutual fund or you had to buy absurdly priced stocks which would find an even more absurd higher level. Small companies mostly did very poorly. What do you expect out of high taxes and extremely loose monetary policy but big institutions moving this money into the group think officially designated issues. The fault lies 100% with the FED and 105% with Greenspan, because he doesn't think money supply matters and justifies the explosion of money that comes from demand management interest rate targeting by pointing to WinXXX productivity.
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